Colony Starwood Homes (SFR) Downgraded by Zacks Investment Research to Sell
According to Zacks, “Colony Starwood Homes is an owners and operators of single-family rental homes primarily in the United States. The company acquires, renovates, leases, maintains and manages single-family homes. Colony Starwood Homes, formerly known as Starwood Waypoint Residential Trust, is based in the United States. “
SFR has been the subject of a number of other reports. JPMorgan Chase & Co. started coverage on Colony Starwood Homes in a research note on Monday, September 26th. They issued an overweight rating and a $35.00 target price for the company. JMP Securities restated an outperform rating and issued a $34.00 target price (up from $29.00) on shares of Colony Starwood Homes in a research note on Tuesday, June 14th. Keefe, Bruyette & Woods lowered Colony Starwood Homes from an outperform rating to a market perform rating and upped their target price for the company from $30.00 to $32.00 in a research note on Tuesday, July 19th. FBR & Co upped their target price on Colony Starwood Homes from $36.00 to $37.00 and gave the company an outperform rating in a research note on Wednesday, August 10th. Finally, Nomura reiterated a buy rating and set a $33.00 price objective (up from $29.00) on shares of Colony Starwood Homes in a research note on Monday, June 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $31.75.
Shares of Colony Starwood Homes (NYSE:SFR) opened at 28.70 on Tuesday. Colony Starwood Homes has a 12-month low of $19.54 and a 12-month high of $33.09. The company has a 50-day moving average of $30.73 and a 200 day moving average of $28.56. The firm’s market cap is $2.91 billion.
Colony Starwood Homes (NYSE:SFR) last issued its earnings results on Monday, August 8th. The company reported $0.39 EPS for the quarter, beating analysts’ consensus estimates of $0.38 by $0.01. The business earned $143.80 million during the quarter, compared to analyst estimates of $141.07 million. Colony Starwood Homes had a negative return on equity of 5.28% and a negative net margin of 23.21%. Equities analysts predict that Colony Starwood Homes will post $1.62 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, October 15th. Stockholders of record on Friday, September 30th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Wednesday, September 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.07%. Colony Starwood Homes’s dividend payout ratio (DPR) is presently -53.33%.
Several hedge funds have recently made changes to their positions in the stock. UBS Group AG acquired a new stake in shares of Colony Starwood Homes during the first quarter worth $1,063,000. OMERS ADMINISTRATION Corp acquired a new stake in shares of Colony Starwood Homes during the first quarter worth $601,000. Credit Agricole S A acquired a new stake in shares of Colony Starwood Homes during the first quarter worth $800,000. Burgundy Asset Management Ltd. acquired a new stake in shares of Colony Starwood Homes during the first quarter worth $16,531,000. Finally, William Harris Investors Inc. acquired a new stake in shares of Colony Starwood Homes during the first quarter worth $263,000. Institutional investors own 42.20% of the company’s stock.
Colony Starwood Homes Company Profile
Colony Starwood Homes, formerly Starwood Waypoint Residential Trust, is a real estate investment trust (REIT). The Company operates through two segments: single-family rental (SFRs), which includes the business activities associated with its investments in residential properties, and non-performing residential mortgage loans (NPLs), which includes the business activities associated with its investments in NPLs.
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